25% of your Realtor's Commission back when buying a home…

Ok, why a post on this?  Well the reason is because this is a deal that has been re-lived recently by a Credit Union in their publication that is running in the same magazine in which we run.  The Thin Blue Line.

In our ad, we are advocates of not being connected or "hooked up" with any specific lenders.  Furthermore, how we watch that part of the equation when our buyers come to us for representation, is quite rare in the Real Estate industry.  Why might you ask, do I really care enough to write about it? 

Let me tell you why:

There are three fee’s that make up your closing costs as a buyer and you can pay those any way you want.  You can pay cash, check, or charge, or you might want the seller to pay those fees for you by the sellers taking that amount off of their "net profit" and allowing you to finance it into your loan.

Closing Costs (for a buyer) are made up of three items:

1. Escrow Fee’s:  Usually and roughly 1% of the purchase price a bit flexible but rarely modified or changed.
2. Title Fee’s:  Usually and roughly 1% of the purchase price, a bit flexible but rarely modified or changed
3. Lender Fee’s:  Lenders fee’s depend on several things and they make money by origination and on the back end.

Escrow and Title are pretty much set.  The wild card is, you guessed it, the lender.  So when you understand who is who in the zoo, then knowing knowledge is power, you are well on your way.

So, did you notice that I did not mention what you pay us when buying a home?  – Nothing.  We, as agents, Realtors, or whatever you want to call us, get paid by the Seller.  That is whether the seller is the bank, a private party, an investor, or a corporation.  They pay both ends, the selling agent and the agent representing the buyer.

So having my hide chapped at the statement regarding "use us as your lender and you be given back 25% of your Realtor’s commission", is well justified.  Also, the fine print, you know those darn asterisks ********************* they direct you to how this is possible.  It does not read as the following, but might as well as, "*this incentive is only good on days of the week that do not start with the letters, T, W, S, F or M."

I have a better solution, because you do not pay our commission as a buyer, how about we, as the ones that feed the lenders, make sure you get the best loan, at the best rate, with the lowest fee’s possible…  That is novel and that is what we do as REMAX of Santa Clarita and REMAX of Valencia at The Paris911 Team!!!

Thanks for letting me clear that up and have a great 4th of July!!!

Don’t forget to check out all of the Santa Clarita Valley Foreclosures and Beyond in all of the areas the Paris911 Team operates by checking out www.ForeclosureHunter911.com and you will be taken to a portal that you can run foreclosures by Zip Codes.  When there you will also be able to obtain the street names of Foreclosures, Auctions, Bank Owned and other distressed properties including Pre-Foreclosures.  Enter the info and I will be notified.  I then take that data and run searches within all of the Boards of Realtors in which we are member of – compiling the locations and specifically searching for those to see if they are on the "actual" re-Sale market so you can buy them. – Connor with HONOR

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